Le Yuanhong's presidential decree was issued, and in wartime, he now has the power of the former emperor. Pen % fun % Pavilion www.biquge.info

Of course, it was only during the war, and once the war ended, many of his decrees were either cancelled or had to be discussed by the Diet before they could take effect, especially giving the Bank of China and Yangzi Bank the power to print paper money with treasury bonds as reserves.

For Li Yuanhong, the reserve plan of this treasury bond will allow the government to get a large amount of borrowing to cope with the current war.

Winning this battle is extremely important to Li Yuanhong, who needs a victory to stabilize his position as president.

He is Li Bodhisattva, but it is not that he is willing to do it, but that he has to do it, and he can only be soft, because he has no power in his hands.

But if he can be a Buddha, he is absolutely not willing to be just a bodhisattva.

This move is in the interests of all people and all countries, so Yang Chao's bond hedging plan quickly got countries to take action.

In particular, Britain has a large amount of Chinese debt in the London market, and although the Qing government and the Yuan Shikai government are not in a good financial situation, so they have not borrowed much, but over time, there are still debts as high as 90 million pounds, and at the current silver price, there are more than 600 million taels of silver, and the bonds of the railway company are as high as 100 million pounds.

Although the current silver price has reached 30 taels to 1 tael of gold, it is not good for Britain to pay off the debt at this time, but the British are still very positive, the first is that this is better than constantly transporting gold to China, and the second is that they intend to side with Japan, once Britain decides to declare war on China, then the Chinese may not pay this debt, so the British plan to pay this debt before they join the war.

France, on the other hand, don't have so many other thoughts, simply because they can't afford the economic pressure.

In this war, the French had to bear not only their own high military spending, but also a large part of Russia's military spending.

The French had long since opened their coffers and nourished the Russian child, a stout and prodigious eater, with the sweet milk of a French girl.

France's pre-war gold reserves, barely 2,000 tons, are now largely empty, half to the United States and half to China.

However, the debt they lent to China back then was not as much as that of Britain, less than 100 million taels, which was just a drop in the bucket.

In just a few days, the two countries began to pay Chinese bonds in advance in the London and Paris markets, and the governments of the two countries collected the bonds and then handed them over to the Yangzi Bank in London and Paris for liquidation, and then converted them into Yangzi Bank bills in Shanghai, and then they were able to purchase large quantities of penicillin.

The Germans saved a lot of trouble, and the government directly called on the general public to donate, and those who had Chinese bonds in their hands either sold to the bank syndicate or donated to the state.

These bonds became the banknotes of the Yangzi Bank, and after the Yangzi Bank acquired the bonds, it became the largest creditor of the government of the Republic of China instead of Britain and France.

With these bonds as reserves, Yangzi Bank printed banknotes, and also underwrote a new phase of 1 billion military bonds of the government, which also made a lot of money, and also made a fortune with a group of financial groups in Shanghai.

In less than a month, financial hedging was completed through complex financial means, and the debts of various countries were transferred to Shanghai.

These debts became Yangtze bank bills in the hands of various countries, and a large number of penicillin purchases did not enter the factory, which made Yang Chao a little worried.

Because Britain and France have such a large amount of banknotes, it would be easy to trigger a run if they were to storm the Shanghai market.

At this time, Gong Mingde had also bombed Japan for a month.

The effect is still not ideal, although it seems that many Japanese cities have been bombed, causing a huge panic, and the Japanese people in the cities have run to the countryside, but the Japanese industry has not been damaged, especially the military factories are basically intact under the defense of anti-aircraft weapons.

"Activate the Night Raid. The effect of our high-altitude bombing is too poor now, but in a month you have all mastered the route, find the most skilled pilot, and you can fly to Japan with your eyes closed, and we will launch low-altitude bombing at night! ”

Yang Chao was anxious about the air force's lecture, so Gong Mingde began to select the elite and start the night attack.

Although Gong Mingde disagrees with this, the bombing effect is not good in the daytime, let alone at night, and he can't see clearly at all, where to throw bombs?

But they also dare not disobey Yang Chao's order, in the name of the Minister of National Defense, Yang Chao now has the right to command the national army, although Li Yuanhong is the biggest commander, but Li Bodhisattva himself does not understand, and does not interfere, now the army in the northeast is still on the defensive, Cai Yi and others are actively formulating an attack plan, to recover the lost territory in the northeast, the air force is completely headed by Gong Mingde, and the actual controller is Yang Chao.

"By the way, this officer will also participate in the bombing with you."

"My lord, never!"

I didn't dare to refuse Yang Chao's order to attack at night, but Yang Chao wanted to participate by himself, so I would never dare to agree.

You must know that these days, although they have shot down more Japanese airships, their own losses are not small, and hundreds of airships have been shot down by Japanese air defense weapons.

"There's nothing to do. Speaking of this cross-sea flight, I was the first pilot to cross the Pacific and Atlantic Oceans. ”

Yang Chao moved out of this reason, and Gong Mingde was not allowed to refuse.

"Alright then, I personally dropped a bomb for my lord."

If Gong Mingde decided that Yang Chao would be the driver, he would be the bombardier and select the most elite crew members, so as to ensure safety to the greatest extent.

May 10, 1916.

When the sun was about to set, and then the last light came, 300 airships from Shandong took off, and they were going to bomb Japan at night, and then return west with experience.

There was no navigation, no night vision devices, it was a completely blind bombing campaign.

Yang Chao's special airship, which can carry a big guy weighing 300 tons, finally took off, and all the furniture on the airship was dismantled, and it was empty again.

Gong Mingde was very nervous, he didn't need to be nervous, because no one knew that it was impossible for this airship to be shot down, even if the Japanese bombarded it with heavy artillery, they would not want to hurt this airship, because their machine guns and cannons could not penetrate the shell of the starship.

Yang Chao's airship, not only outside the cockpit, but even under the shell, is plated with a layer of spacecraft shell material, which can withstand the bombardment of 150 heavy artillery at a distance of 300 meters, of course, the impact force cannot be lifted, if the heavy artillery is really bombarded so closely, it still can't withstand it, and it is likely to damage the engine out of control.

That's why Yang Chao had to act at night and not give the Japanese a chance to aim and strike.

"5 degrees to the west!"

In the cockpit of the airship, Yang Chao commanded a crew of up to ten people, and he glanced at his watch from time to time, others thought he was looking at the time, but he didn't know that the second hand of the watch always pointed to where Yang Chao wanted to go.

"Slow down, we're almost there. Seeing that the lights on the ground were not. ”

Of course, Japan's electric power industry is still very underdeveloped, and the places with electric lights can only show one problem, that is, the ground is Japan's industrial area, and it is likely to be a key industrial area, because there are these places, and the Japanese are willing to let them turn on the lights at night to facilitate their production overnight.

"Look at the shape of this light, probably the coast of Japan, it is likely to be a shipyard, and it will land slowly."

Yang Chao gave an order, and at the same time explained to the soldiers that these people were also the first night attack, and they felt that what Yang Chao said was very reasonable, so they immediately deflated and lowered the altitude.

"Three hundred meters!"

The driver who observed the gauge reported.

"Drop to a hundred meters in the bomb. Fly some east. ”

Yang Chao navigated for them.

Finally arrived at the designated location.

"Gong Mingde dropped fifty tons of bombs!"

The airship is suspended in the air, and it is a specially selected day, and most places in Japan are calm and the airship rarely swings in the air.

Gong Mingde opened the bomb bay and threw a large number of high-altitude bombs, because the airship has a large carrying capacity, and the bombs developed and produced by the Laiwu Arsenal are all big guys, the largest weighing one ton, with a tail fin behind, and a tungsten alloy warhead is also installed on the warhead.

This means that the Japanese factories and buildings are completely unable to stop Yang Chao's bombing, and the only thing to do is to bomb accurately and blow up to the place, but it is a pity that precision bombing happens to be a problem that cannot be solved by high-altitude bombing.

After Gong Mingde dropped the bomb, the Japanese below immediately went crazy, a large number of anti-aircraft guns, machine guns began to move, but unfortunately they could not aim at night, although the searchlight came up, but for a time they could not search for the airship, they could only fire out of thin air, they did not dare to do so, because this place is too important.

"What did you blow up?"

Suddenly, he saw a huge fireball rising between the cannonballs and bullets, and Gong Mingde even felt a blazing feeling, and he immediately exclaimed.

Gong Mingde absolutely didn't know that Yang Chao secretly navigated and took them to Kure Naval Port, Japan's largest military port, where Japan's largest military shipyard and naval base are located, and what Gong Mingde bombed was the oil storage tank of the Japanese Navy.

"Let's go!"

Yang Chao didn't care about the excitement, and the waves of the explosion rushed up, and he didn't leave.

"To the west!"

Yang Chao continued to guide.

No one was surprised at this time, because what Yang Chao did was very reasonable, that is, along the coastline, the airship rose to thousands of meters, and could be navigated by the lights of some bustling harbor cities.

Ten places were bombed in a row, and 200 tons of bombs were dropped.

They didn't know that they bombed four of Japan's most important military ports in one night, Kurekai, Yokosuka, Sasebo, and Maizuru, but even Yang Chao didn't know that he had an unexpected gain, that is, he had a heavy damage to the Japanese fleet docked in the military ports. (To be continued.) )